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Dec 18, 2012
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california wineries which produce 90% of u.s. wine and impact 300,000 jobs could take a serious hit. founder and ceo of thecommerce.com joins us with more. that is not correct. you are more of the media platform. you started out -- >> because of some unpleasant california regulation pivoted to the media company and we have grown successful but we considered going into ecommerce that haven't yet. tracy: you don't sell wine but in your top 100 influential people in the wine world number 23 you go. so that being said you are in the wine world what is being said? they can't move their vineyards. mother nature bless this part of the country. they can't move that land. >> this is a supermajority. people anticipate higher taxes, not aggressive taxes. and it is the time, certainly as far as i know in the research i have done not friendly to winery's who as you say can't move. tracy: they win $65 billion and not being friendly and all because they cannot move. they will pick of the tab. >> i agree with you. tracy: let's talk about the eco
california wineries which produce 90% of u.s. wine and impact 300,000 jobs could take a serious hit. founder and ceo of thecommerce.com joins us with more. that is not correct. you are more of the media platform. you started out -- >> because of some unpleasant california regulation pivoted to the media company and we have grown successful but we considered going into ecommerce that haven't yet. tracy: you don't sell wine but in your top 100 influential people in the wine world number 23...
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Dec 12, 2012
12/12
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be california? >> good morning, dagen. california doesn't need to issue debt. this would not hinder its ability, at the state level, at least. it would increase the cost to the state. dagen: that would make it tougher to sell, would it not? >> no. you would still have buyers. in california's system, that is very senior. there is a waterfall, if you will. they could sell more debt and they can sell lots of death. the cost would go off a bit. the burden of that cost would mean a deduction of services to low that. let's say that was an additional 1%. it is an extra $10 million of costs on every login dollars they issue. it would not hinder the ability of the state to issue debt. they can continue to issue debt in that is one of the reasons they have that in connection with pensions and retiree health care which is a similar form of debt. those consequences just squeeze people at the lower levels. defenseless citizens get hit. dagen: i suppose, that would be offset by proposition 30 which just got passe
be california? >> good morning, dagen. california doesn't need to issue debt. this would not hinder its ability, at the state level, at least. it would increase the cost to the state. dagen: that would make it tougher to sell, would it not? >> no. you would still have buyers. in california's system, that is very senior. there is a waterfall, if you will. they could sell more debt and they can sell lots of death. the cost would go off a bit. the burden of that cost would mean a...
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Dec 13, 2012
12/12
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california governor gerri brown is not wasting any time. the 74-year-old governor is undergoing radiation treatment. his oncologist says his prognosis is -- that is your west coast minute. dennis: general orders is unveiling a new line of pickup trucks. jeff flock has the story. jeff: that is the new chevy silverado. it is the number one seller. it has these new engines and it. they will shut down four of the cylinders if you do not need all the power. saves on gas. very good. this harkens back to the old days. it was a loud unveiling. they flew up some rocks. it was kind of a cool thing. gm already has, 250,000 unsold pickup trucks. mark royce told the exclusively that the problem is the competitors have all spent a lot more on incentives and gm did. >> we missed november from an insiders standpoint. i can tell you that we are meeting the market right now this month. we are selling them. jeff: they have now exhausted some of that inventory. he will not say exactly how much. these will be on the market sometime around the end of the first q
california governor gerri brown is not wasting any time. the 74-year-old governor is undergoing radiation treatment. his oncologist says his prognosis is -- that is your west coast minute. dennis: general orders is unveiling a new line of pickup trucks. jeff flock has the story. jeff: that is the new chevy silverado. it is the number one seller. it has these new engines and it. they will shut down four of the cylinders if you do not need all the power. saves on gas. very good. this harkens back...
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Dec 10, 2012
12/12
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dagen: california's proposition 30 past last month. it is a way to get more state funding for education. this law. california's entrepreneurs particularly hard. hereto explained how, even anderson. he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in the voter guide which was sent to all of us. they neglected to mention the rector active portion of it. i think a lot of people were really surprised by that. so many businesses still get started in silicon valley because that is where the talent is. the regulation, state and higher taxes in the state do not matter. will this really start to hurt business formation
dagen: california's proposition 30 past last month. it is a way to get more state funding for education. this law. california's entrepreneurs particularly hard. hereto explained how, even anderson. he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it...
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coast in it which has a lot of california in it today. the attorney general is suing delta airlines for its mobile app. the first ever legal move under the privacy act. the airlines now have mobile apps for travelers. delta is putting sensitive consumer information at risk. they face a fine of up to $2500 for each violation. take a look at this. dense fog is late getting l.a. during rush hour this morning. drivers are advised to slow down and take it easy, which is tough to do when you are driving on the freeway in california. a beach whale carcass is causing a stink, literally. people are struggling with how to rebuild the 40,000-pound carcass. one of the reasons it is still there is because there is a dispute over who is responsible for moving it. that is northwest coast minute. those poor people out in malibu. dennis: california just seems bent on driving as much business out of the state as they possibly can. they just keep passing more and more regulation. cheryl: it is a money grab. they are desperate. i have never seen a state so m
coast in it which has a lot of california in it today. the attorney general is suing delta airlines for its mobile app. the first ever legal move under the privacy act. the airlines now have mobile apps for travelers. delta is putting sensitive consumer information at risk. they face a fine of up to $2500 for each violation. take a look at this. dense fog is late getting l.a. during rush hour this morning. drivers are advised to slow down and take it easy, which is tough to do when you are...
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Dec 21, 2012
12/12
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good news for california. state unemployment rate dipping below 10% for the first time in four years facing double-digit jobless rate since the recession. the latest figure of 9.8% unemployment in november, signaling california's economy has turned the corner. the downside 400,000 californians face a loss of unemployment benefits. if no deal, the fiscal clef, can't get away from. legalizing marijuana on the horizon. in an interview with the new york times, lt. governor news and has set out in terms of legalizing marijuana, quote, these laws don't make sense anymore. shares of las vegas based casino operators pinnacle entertainment and an aerostar entertainment jumping under $869 million offer to buy its gambling rival. the deal has been given the go-ahead by the boards of both companies but needs shareholder regulatory approval. there are your stocks and that is your west coast minute. dennis: elsewhere some players of should the mob video games calling for a cease-fire today to respect victims of the connecti
good news for california. state unemployment rate dipping below 10% for the first time in four years facing double-digit jobless rate since the recession. the latest figure of 9.8% unemployment in november, signaling california's economy has turned the corner. the downside 400,000 californians face a loss of unemployment benefits. if no deal, the fiscal clef, can't get away from. legalizing marijuana on the horizon. in an interview with the new york times, lt. governor news and has set out in...
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Dec 11, 2012
12/12
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only 13 of the top 400 california companies have female ceos. nike wants to expand in oregon, but one big condition. oregon's governor: a special session of the state legislature to fast-track a process for nike if they invest 150 million in new facilities the state will agree not to change oregon's tax code. nike headquartered outside of portland in the land o -- the linn, oregon. and paying for free cell phones for homeless and poor people. they will get free phones and free service to keep in touch with family and also potential employers. this coming from a federal funded program. the plan expected to actually get the green light. that is your "west coast minute." denis. dennis: what if they gave the electioelection almost nobody v? we will tell you about facebook users. cheryl: trimming the fat from the military literally. why obese soldiers are being booted from the army. that is ahead. dennis: first, take a look at the winners over on the nasdaq. dennis: time for your media minute. facebook asked 1 million members to vote a policy change.
only 13 of the top 400 california companies have female ceos. nike wants to expand in oregon, but one big condition. oregon's governor: a special session of the state legislature to fast-track a process for nike if they invest 150 million in new facilities the state will agree not to change oregon's tax code. nike headquartered outside of portland in the land o -- the linn, oregon. and paying for free cell phones for homeless and poor people. they will get free phones and free service to keep...
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in california, the top tax rate will be close to 52%. are you comfortable paying taxes at that level? >> comfortable or not, that is the price of living in california. i think there is a responsibility that each one of us has. we have to pay our fair share. it is what it is. dagen: okay. [ laughter ] >> i do not think we should get bogged down in the present, it is more important to go along with business and make more money so we can pay the taxes. dagen: well said. thank you for being here. george schaefer. happy holidays. >> thank yyu. same to you. connell: talking about guns. smith & wesson for you. dagen: gun checks done with the fbi on black friday. sandra: gun sales way up over president obama's first four years. all that uncertainty. it has spiked gun sales. smith & wesson shares, this is a year to date chart, of 170%. this reports earnings after the bell. twenty-four cents a share. they recently raised guidance. it does not look like that is going away anytime soon. tonight, one other winner we are looking at is h&r block. up 3.
in california, the top tax rate will be close to 52%. are you comfortable paying taxes at that level? >> comfortable or not, that is the price of living in california. i think there is a responsibility that each one of us has. we have to pay our fair share. it is what it is. dagen: okay. [ laughter ] >> i do not think we should get bogged down in the present, it is more important to go along with business and make more money so we can pay the taxes. dagen: well said. thank you for...
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Dec 17, 2012
12/12
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california smokeless tobacco sales have tripled over the last 10 years. according to the state department of health, but health advocates are not celebrating because the sales jump was largely due to high school students increasingly using chewing tobacco and snuff. and it looks like there is a great shortage in california. apple valley getting ready to plant. wineries have been delaying replacement old vines due to the recession but with demand for wind up, many nurseries say they don't even have the vine roots available to plants. that is your "west coast minute." of course it is the cabernet plants. dennis: other winegrowers and buy some vine roots and ship it in. public excuse to raise rates. cheryl: remember back when the california cabernet beat the french cabernet. like in the late '70s. how dare americans beat the french. dennis: all right, boeing is back in iraq. landing in baghdad over the weekend, the first time in 30 years that has happened. part of a 4 the 40 plus jet ordn that country. improving the outdated aviation industry. shares were up
california smokeless tobacco sales have tripled over the last 10 years. according to the state department of health, but health advocates are not celebrating because the sales jump was largely due to high school students increasingly using chewing tobacco and snuff. and it looks like there is a great shortage in california. apple valley getting ready to plant. wineries have been delaying replacement old vines due to the recession but with demand for wind up, many nurseries say they don't even...
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this hour we're looking at a california-based tech company. charles spent a lot of time in cali. >> yes. i'm starting to learn cali. i'm not really impressed with los angeles. i know it is a different story. ashley: not sitting in your car it's great. >> i went to the museum to see the exhibit. fantastic. anyone in l.a. should go see it. sandisk is the stock. it is a stock, we played it before. it pulled back a lot lately. i'm not sure why it pulled back so much. lately they have been doing pretty well. last night they beat the street by 46%. next year fiscal earnings estimates continue to climb. three months ago they were three bucks, now 3.48. valuation look pretty reasonable to me. i'm a volume guy. i believe like 98% of the everything that happens in the market people know ahead of time. i'm not in that clique when they buy i see the volume and i jump on the train. it is acting pretty good today. it broke key resistance yesterday. long term 45 and 50 bucks. ashley: you like this price? >> i do. you have the flash memory and all kind of dif
this hour we're looking at a california-based tech company. charles spent a lot of time in cali. >> yes. i'm starting to learn cali. i'm not really impressed with los angeles. i know it is a different story. ashley: not sitting in your car it's great. >> i went to the museum to see the exhibit. fantastic. anyone in l.a. should go see it. sandisk is the stock. it is a stock, we played it before. it pulled back a lot lately. i'm not sure why it pulled back so much. lately they have...
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Dec 27, 2012
12/12
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with its high unemployment rate, watch out california. workers are the prime target. we are live in los angeles with this very interesting story. >> you are exactly right. canada is looking to double its oil production over the next 20 years. they do not have enough workers to get it out of the ground. some firms are willing to pay top dollar to convince americans to head north. >> canada is looking for a few good men and women. >> a lot of people retiring and we have a lot of major infrastructure projects, minds being billed, hydroelectric boards, all the infrastructure, oil and gas, it is kind of endless. they are recruiting american workers. >> people who are engineers, people who have welding skills, people who have skill sets and construction. it is a wide range. >> john lafontaine is one of six other people who recently stood in line at a job fair in palm springs, florida. he is willing to make the move to support his children. >> opportunities present themselves. you might as well reach out and grab it. >> and opportunity back that they have almost double his c
with its high unemployment rate, watch out california. workers are the prime target. we are live in los angeles with this very interesting story. >> you are exactly right. canada is looking to double its oil production over the next 20 years. they do not have enough workers to get it out of the ground. some firms are willing to pay top dollar to convince americans to head north. >> canada is looking for a few good men and women. >> a lot of people retiring and we have a lot of...
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Dec 10, 2012
12/12
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many in california are wondering where is all the promised job creation??3 where is all the revenue? fox's william la jeunesse in los angeles with the latest. >> california utilities must get 20% of the their power from renewables. state and federal handouts made that happen. many environmental aists are happy for rate-payers and counties not seeing savings and jobs and revenues they expected the honeymoon for sunshine is over. >> there will be screw-ups. there will be bankruptcies. there will be indictments and there will be deaths but we're going to keep going. and nothing is going to stop me. >> critics be damned says governor jerry brown who backs solar energy regardless of cost or consequence. >> we're adamantly oppose to it because we'll be people that live with it forever. >> riverside county is home to solar energy than anywhere in the u.s. after billions in federal subsidies, some call big solar a taxpayer rip off. >> on face they talk about huge jobs and long-term benefits to the county but we'll carry the burden of having these types of facilitie
many in california are wondering where is all the promised job creation??3 where is all the revenue? fox's william la jeunesse in los angeles with the latest. >> california utilities must get 20% of the their power from renewables. state and federal handouts made that happen. many environmental aists are happy for rate-payers and counties not seeing savings and jobs and revenues they expected the honeymoon for sunshine is over. >> there will be screw-ups. there will be bankruptcies....
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california's arrow sources board. california has never been a proponent of oil and gas. they're coming out saying don't use e15. manufacturers of food, grocery manufacturers and others cattle and others are seeing costs driven up because they're taking all the corn and producing fuel. now you see the restaurant associations coming out opposed to mandate of biofuels, particularly corn ethanol. this is not about oil and natural gas. as i mentioned earlier we're big proponents of biofuels. we produce a lot of it. there are a lot of issues. we've got to get back and fix the problem. our view it has become so bad you have to repeal the mandate and go back to square one. melissa: how do you think the epa will respond? what have they said? what do you think they're going to do? >> well i think it is very clear the epa is going over the cliff with those who think we ought to keep mandating the fuel. there was a waiver provision put in the summer. in the law you're allowed to seek a waiver if you think conditions have gotten out of control. this summer they got out of the control
california's arrow sources board. california has never been a proponent of oil and gas. they're coming out saying don't use e15. manufacturers of food, grocery manufacturers and others cattle and others are seeing costs driven up because they're taking all the corn and producing fuel. now you see the restaurant associations coming out opposed to mandate of biofuels, particularly corn ethanol. this is not about oil and natural gas. as i mentioned earlier we're big proponents of biofuels. we...
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Dec 18, 2012
12/12
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privately firm under pressure from the california state teachers retirement system, it will sell its stake in the freedom group, of firearmsmaker that includes the manufacturer of one of the guns used in the connecticut shooting. walmart, one of the largest sellers of firearms in this country halting online sales, dick's sporting goods says it will remove all guns from its stores and suspend sales of semiautomatic rifles from all of its stores. dennis: stocking up in part ii of our week-long series, winners and losers this holiday season from the gamemakers and sellers, how much they care in the wake of the connecticut treating and criticism of violent video games. thanks for being with us. a big horrible tragedy like this happens and shares of take 2 interactive take a hit and they did right after this. >> that is the one that does get hit when we talk about having legislators talk about potential regulation of violent video games. there are several publishers who make violent games, take 2 has more dominated by them and the poster child is grand theft auto which should be coming ou
privately firm under pressure from the california state teachers retirement system, it will sell its stake in the freedom group, of firearmsmaker that includes the manufacturer of one of the guns used in the connecticut shooting. walmart, one of the largest sellers of firearms in this country halting online sales, dick's sporting goods says it will remove all guns from its stores and suspend sales of semiautomatic rifles from all of its stores. dennis: stocking up in part ii of our week-long...
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Dec 14, 2012
12/12
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the lawsuit filed back in june accused the stores in california of illegally handling pesticides , bleach, paint and pharmaceutical waste. walgreens denied knowledge of the wrongdoing. now, a story from earlier this week. today oregon's governor heads to the state legislature to ask for a guarantee that lawmakers will not raise or change corporate taxes and estate. the second-largest employer, which is nike, the world's largest sneaker maker says it will create jobs and expand in business, but only if taxes do not go up there. president obama finally weighing in other recreational marijuana debate. the president says federal party should not target recreational users in washington and colorado because the u.s. government does not have the resources right now to do it, financial resources. the president has asked attorney-general eric holder to examine that issue. and that is your west coast minute. interesting though punt from the president 57 for him to make it a costa issuance of the idea that maybe it's a state's rights issue. when he ran for office for his first term he said he wasn't
the lawsuit filed back in june accused the stores in california of illegally handling pesticides , bleach, paint and pharmaceutical waste. walgreens denied knowledge of the wrongdoing. now, a story from earlier this week. today oregon's governor heads to the state legislature to ask for a guarantee that lawmakers will not raise or change corporate taxes and estate. the second-largest employer, which is nike, the world's largest sneaker maker says it will create jobs and expand in business, but...
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Dec 24, 2012
12/12
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aren't even showing up, kind of like the giants yesterday, we're seeing prices actually move higher in california in a couple refinery issues. so that's going to be the hot market again in 2013. you've got an adversarial relationship between refiners and regulators and that doesn't add up to anything good. dagen: there's something very strange going on in terms of the wholesale market for gasoline and export of gasoline. can you explain that? >> yeah, one of the reasons the east coast has higher prices is -- and there's plenty of gulf coast product is the pipeline and it actually costs 15, 20, 25 cents a gallon to ship it from the gulf coast up to new york. you can actually ship it overseas to west africa or europe for probably a fraction of that. so even though the northeast is a little bit tight on gasoline, it costs so much to ship in u.s. vessels right now that some of the gasoline that might ordinarily come to the other parts of the country is going to places like nigeria, asia, europe, you name it, and that's unusual and it has to do with a shortage of american flag vessels. dagen: i'm surp
aren't even showing up, kind of like the giants yesterday, we're seeing prices actually move higher in california in a couple refinery issues. so that's going to be the hot market again in 2013. you've got an adversarial relationship between refiners and regulators and that doesn't add up to anything good. dagen: there's something very strange going on in terms of the wholesale market for gasoline and export of gasoline. can you explain that? >> yeah, one of the reasons the east coast has...
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melissa: striking workers in california may turn into thh grinch that stole it. the port of long beach executive director j christopher lytle will join us how this could impact your holidays. ♪ . >> i'm liz macdonald with your fox business brief. stocks are swinging between gains and losses today as investors continue to focus their attention on washington, d.c. and the fiscal cliff negotiations. u.s. banks posting their best quarterly performance in six years. according to the fdic, banks posted a combined profit of more than 37 1/2 billion dollars during the third quarter. that is the 6.6% increase from the same time last year. the number of banks on the agency's problem list also fell from 732 to 694. >>> newly-elected massachusetts senator elizabeth warren has been tapped by democrats for a seaton the senate banking committee. warren won her seat campaigning as a populist who would crack down on big banks. this comes two years after she unsuccessfully lobbied to the run for the consumer protection bureau. that is the latest from fox business network, giving
melissa: striking workers in california may turn into thh grinch that stole it. the port of long beach executive director j christopher lytle will join us how this could impact your holidays. ♪ . >> i'm liz macdonald with your fox business brief. stocks are swinging between gains and losses today as investors continue to focus their attention on washington, d.c. and the fiscal cliff negotiations. u.s. banks posting their best quarterly performance in six years. according to the fdic,...
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Dec 31, 2012
12/12
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i know that new york and california still remain your top market. >> it's very mixed. up smaller, younger, millennial, the x generation. we just about tap everybody because we have 11 different flavors, a sweet one now that we have had out for couple of years doing very well. that taps in. cheryl: of want to ask you, are you concerned about the emergence of sparkling wine in this country? coming from italy and spain. are you concerned at all that it will dig into your maagins? >> i am not. has been around for a long time. % go, you know, it is a lower effervescent sparkling, and it's from italy. i just don't think it's tapping into our market all. i say that because we are up to tremendous this year. cheryl: well said. breaking news coming out of washington. great to have you on the show. happy new year. i want to bring in diane, as we do every 15 minutes. we are getting some news coming out of washington. the dow jones jumping right now. up 70 points right now. >> reporter: that's right. session highs. the dow up 73, nasdaq about 35, the s&p up almost 12 points after
i know that new york and california still remain your top market. >> it's very mixed. up smaller, younger, millennial, the x generation. we just about tap everybody because we have 11 different flavors, a sweet one now that we have had out for couple of years doing very well. that taps in. cheryl: of want to ask you, are you concerned about the emergence of sparkling wine in this country? coming from italy and spain. are you concerned at all that it will dig into your maagins? >> i...
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Dec 26, 2012
12/12
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california and new york with only two cities with negative annual returns. this morning's case-shiller housing report could be a sure sign housing strength is do we expect it to gain momentum in 2013. day one of the outlook 2013. here to kick it off, ed pinto from the american enterprise institute. ed, let's say for argument sake we go flying off the fiscal cliff. what happens to housing? >> i think housing to some extent goes off with it. we'll end up with a recession and that will dampen homebuyers enthusiasm for buying homes and we'll see a downtick in house prices and uptick in foreclosures. tracy: that is good news. let's go glass half-full. they fix this ink it. fiscal cliff solved. housing market, what, what's the big thing that you think 2013 will bring? it is the year of rental. of new construction. what should we expect to see if all goes well in washington? >> what we should expect to see is a continuation of the recovery which started this past year. you just reported that house prices are up about 4%. i'm expecting that house prices in 2013 will
california and new york with only two cities with negative annual returns. this morning's case-shiller housing report could be a sure sign housing strength is do we expect it to gain momentum in 2013. day one of the outlook 2013. here to kick it off, ed pinto from the american enterprise institute. ed, let's say for argument sake we go flying off the fiscal cliff. what happens to housing? >> i think housing to some extent goes off with it. we'll end up with a recession and that will...
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Dec 27, 2012
12/12
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california said it would benefit from the facebook ipo but look how well that turned out. we are grasping at straws to find an outside. but not so much. gerri: i can't find the up side here. i did find one upside, consumers are saving more money. you know how much economists love to make fun of consumers and say they're the chum in the economy and always span whether they have money or not, not any more. they finally got the message. only washington could too. lori: the willis report at 6:00 eastern on fox business. tracy: coming up wall street discouraged by the fiscal cliff. where the safe place to put your money? bob will weigh in next. lori: interest rates, people snapping up on less less security for their money. the ten year note is pushing down the yield to 1.70% level, after 30 years, 2.7% and down four basis points. joe woods' f. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest.
california said it would benefit from the facebook ipo but look how well that turned out. we are grasping at straws to find an outside. but not so much. gerri: i can't find the up side here. i did find one upside, consumers are saving more money. you know how much economists love to make fun of consumers and say they're the chum in the economy and always span whether they have money or not, not any more. they finally got the message. only washington could too. lori: the willis report at 6:00...
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Dec 19, 2012
12/12
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as we know it is so close but here to discuss it is congressman from california john -- we were supposed to be joined by republican congresswoman marcia blackburn. she couldn't make it and all sorts of things going on behind closed doors when it comes to get something done. thanks for being with us. you have said that you are willing to make sacrifices. does that include reforms to entitlement programs? >> there is room for reforms but you don't need to throw seniors of of the fiscal cliff to achieve those. there are very significant savings available in medicare from the drug prescription issues, the issues of how you pay for medical services, fraud and abuse, on and on, all of which the president put on the table and we ought to take those but you don't throw seniors off of the cliff by changing the age to 67. that is bad public policy, bad for seniors and doesn't save money. tracy: we don't have to do for our existing seniors. for people like me, you could raise it easily to even 70 at this point and save the country lot of money. >> you wouldn't save much money because your cost when
as we know it is so close but here to discuss it is congressman from california john -- we were supposed to be joined by republican congresswoman marcia blackburn. she couldn't make it and all sorts of things going on behind closed doors when it comes to get something done. thanks for being with us. you have said that you are willing to make sacrifices. does that include reforms to entitlement programs? >> there is room for reforms but you don't need to throw seniors of of the fiscal...
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california was second. the number one, in terms of improvements, new orleans. coming off of its lows. they do have a harrisburg, pennsylvania, by the way, at the bottom of this list. the question today, is this finally the moment you can say housing has turned the corner. home sales are returning. first, here are some winners on the s&p 500. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't kn how serious identit
california was second. the number one, in terms of improvements, new orleans. coming off of its lows. they do have a harrisburg, pennsylvania, by the way, at the bottom of this list. the question today, is this finally the moment you can say housing has turned the corner. home sales are returning. first, here are some winners on the s&p 500. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i...
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Dec 28, 2012
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from state-owned businesses like an attractive vacant buildings like these in california is a time for the federal government to sell what it doesn't need? >> instead of raising taxes which takes money out of the economy and lowers the economic activity we ought to be looking at selling federal assets. >> like this hospital in los angeles or parts of this waterfront former military base in san francisco. in both cases politicians said no. >> congressman representing his district and senator representing his or her state so they want to make sure they are taken care of and that may get in a way of what is best for the nation. >> the federal government is america's biggest landlord, selling 20% of its empty or underperforming buildings would save $2 billion. >> goes through your garage, clear it out and the government is no difference. the scale is a matter of scale. >> the refuse to sell valuable public land adjacent to fast-growing cities and let mining companies take billions in gold and silver for free. without charging royalties like we do for oil and natural gas. selling amtrak cou
from state-owned businesses like an attractive vacant buildings like these in california is a time for the federal government to sell what it doesn't need? >> instead of raising taxes which takes money out of the economy and lowers the economic activity we ought to be looking at selling federal assets. >> like this hospital in los angeles or parts of this waterfront former military base in san francisco. in both cases politicians said no. >> congressman representing his...
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melissa: when you look at the name that was not just northern california where you see -- was also l a, that was interesting. new york values went up as well. lori: markets are scattered. that is a debate over what the fines wealth in america, cost of living, property values, you can't have one single threshold the works across the board because -- lori: bringing it back to taxes. melissa: i love it. lori: and $8 billion deal, what does it mean for the future of trading? charlie gasparino will be along with exclusive details. melissa: look at how the dollar is fairing, the market up slightly and with that, currencies are weaker across the board. we will be right back. melissa: we want to take you to capitol hill, john boehner. >> the president called on the house again and again to pass a bill to protect 98% of the american people from a tax hike. today we will do better than that. our bill will protect 99.81% of the american people from an increase in taxes. it is permanent tax relief for individuals. a permanent hatch on the alternative minimum tax, the marriage penalty, death tax
melissa: when you look at the name that was not just northern california where you see -- was also l a, that was interesting. new york values went up as well. lori: markets are scattered. that is a debate over what the fines wealth in america, cost of living, property values, you can't have one single threshold the works across the board because -- lori: bringing it back to taxes. melissa: i love it. lori: and $8 billion deal, what does it mean for the future of trading? charlie gasparino will...
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the california federation of teachers created tax the rich. it shows a wealthy person urinating on lower income americans. the rich collect wealth through tax loopholes and tax evasion. nice stuff. that is your "west coast minute." a quarter until it's never 50 minutes, you're watching oxford industries. nicole: very interesting. this is under the oxford umbrella, but they gave an outlook it is somewhat below the expectations for this is why the stock is down nearly 10% today. that is a really big move for oxford industries. third-quarter earnings climbed 85% but again so much of it is about the guidance. look at the major market averages. the nasdaq composite improving throughout the day today, down just one quarter of 1% now while the dow has exploded to the upside. back to you. dennis: thank you very much, nicole. one company has a new take on the teambuilding workshops may have been forced into by your company. programs make a difference. joiiing me now for the "small business, big idea," cofounder and ceo. you managed to put 11,000 artifi
the california federation of teachers created tax the rich. it shows a wealthy person urinating on lower income americans. the rich collect wealth through tax loopholes and tax evasion. nice stuff. that is your "west coast minute." a quarter until it's never 50 minutes, you're watching oxford industries. nicole: very interesting. this is under the oxford umbrella, but they gave an outlook it is somewhat below the expectations for this is why the stock is down nearly 10% today. that is...
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states we have to watch out for what we're talking about the amt, california, new york, new jersey those taxpayers could be socked pretty hard if it is not fix. ashley: we're talking about millions of people could be impacted. >> 28 million. usually only 4 million americans in upper class brackets. but now 28 million. seven times. that is scarely middle class. 65 to 85,000 incomes we're talking about according to irs. lori: by end of the day we'll have update for you what to make of all this in terms of your exemptions. is that being overly ambitious by the irs. >> that is a great point. by end of the day it might be. they already warned delays in the tax filing season. worst-case scenario is after march. other thing we have to watch out for state taxes which are ink hadded tightly to the federal tax system. that creates a cascading effect. ashley: this april 15th deadline, we need it. lori: thank you. >> sure. ashley: thanks very much. as we do, i given you a clue, every 15 minutes. lori: what time could it be? ashley: we do down to the new york stock exchange where our very own diane m
states we have to watch out for what we're talking about the amt, california, new york, new jersey those taxpayers could be socked pretty hard if it is not fix. ashley: we're talking about millions of people could be impacted. >> 28 million. usually only 4 million americans in upper class brackets. but now 28 million. seven times. that is scarely middle class. 65 to 85,000 incomes we're talking about according to irs. lori: by end of the day we'll have update for you what to make of all...
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., california and new jersey has seen a wealth flee their states because they keep raising the income tax. gerri: they do not have to stay where they are. they can plan around this stuff. they can move some income into an earlier tax year. tracy: they could sensibly do both. they are not collecting nearly as much as they want to. then the burden, again, falls on the middle class. dennis: do you know whether these billionaires willfully if you keep rates where they are, but after deductions? gerri: it is funny that you bring that up. there is this ongoing conversation about passing deductions or getting rid of the charitable deduction. this weekend we had an editorial writer say, this only benefits wealthy people. take that away. i think people misread how important these reductions are to everybody. the tax code is ridiculously complicated. change the tax code entirely. simplify it. bring rates down. tracy: maybe you can have a few deductions and they will stick around. as long as there is a bad guy in town, why would i stay. gerri: there is the rhetoric that they are just not trying
., california and new jersey has seen a wealth flee their states because they keep raising the income tax. gerri: they do not have to stay where they are. they can plan around this stuff. they can move some income into an earlier tax year. tracy: they could sensibly do both. they are not collecting nearly as much as they want to. then the burden, again, falls on the middle class. dennis: do you know whether these billionaires willfully if you keep rates where they are, but after deductions?...